BPCL Looking good buy in this range for upper marked targets until 290 is intact on the downside on a closing basis.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Cummins looking good to Buy if sustains above 384 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
According to support and resistance, BPCL is facing resistance near 403-404 and according to candle stick pattern, it looks bullish. Intraday trader and positional trader can buy BPCL above 304 for target of 440 and more. Stop loss should be 385 on closing basis for positional trader.
Disclaimer: This is for demonstration and educational purpose only. This is not...
NSE:BPCL
Trade Setup for Date 14-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer...
NSE:BPCL
Observations:
1) On Weekly Time frame, It game rounding bottom breakout and then in last week it made hanging man candle.
This Hanging man candle will be a sign of bearish move if the stock fails to trade above and close above the high of this hanging man pattern.
From the chart we can see that for next bullish move it has to break and trade above...
Target:- 538
Stoploss:- 457
Stock already take support on the support line and showing upside interest with green bullish candle. So we can take long position on it.
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Hello Everyone,
Few days back BPCL technical breakout on weekly charts was updated and this is follow up update, we have projected BPCL to move towards 540 & now BPCL reached till 485 slow and steady move in BPCL.
Let's hope for the best that in few days it will reach to 540 levels.
For Educational Purpose Only
If you like the stock idea please hit like and also share.
BPCL (NSE Cash)
Market cap is above 241.297b
Volumes are above 666.887k
Average volume is 2.28
Float is 77.522M
LTP: 423.05
Support: 413.55
Resistance: 434.60 / 441.85
Daily charts (long term)
A bullish engulfing candle was made on 22nd April followed by a confirmation green candle on the 23rd.
There is a reversal seen in the DEMA as well. 5 DEMA has crossed 100...
We can see a Bullish Engulfing candle on the daily charts which is a strong buy signal.
Whoever wants to go long can go long at current levels.
LTP is 419.65
Note: This is for educational purpose only.
There seems to be an inverted bullish hammer at support of ascending triangle. RSI seems to bouncing from support line.
